Norden Group LLC Trims Stake in Texas Instruments Incorporated (NASDAQ:TXN)

Norden Group LLC cut its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 9.3% in the fourth quarter, Holdings Channel.com reports. The firm owned 5,520 shares of the semiconductor company’s stock after selling 563 shares during the quarter. Norden Group LLC’s holdings in Texas Instruments were worth $941,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. AXQ Capital LP grew its stake in Texas Instruments by 64.3% in the third quarter. AXQ Capital LP now owns 4,600 shares of the semiconductor company’s stock worth $731,000 after purchasing an additional 1,800 shares in the last quarter. First National Bank of Mount Dora Trust Investment Services increased its holdings in Texas Instruments by 0.4% during the fourth quarter. First National Bank of Mount Dora Trust Investment Services now owns 42,134 shares of the semiconductor company’s stock valued at $7,182,000 after buying an additional 155 shares during the period. Verdence Capital Advisors LLC raised its stake in Texas Instruments by 39.9% in the third quarter. Verdence Capital Advisors LLC now owns 8,405 shares of the semiconductor company’s stock worth $1,336,000 after buying an additional 2,397 shares in the last quarter. Salem Investment Counselors Inc. lifted its holdings in Texas Instruments by 2.2% during the fourth quarter. Salem Investment Counselors Inc. now owns 8,232 shares of the semiconductor company’s stock worth $1,403,000 after buying an additional 177 shares during the period. Finally, Chicago Capital LLC boosted its position in Texas Instruments by 182.7% during the 4th quarter. Chicago Capital LLC now owns 12,859 shares of the semiconductor company’s stock valued at $2,192,000 after acquiring an additional 8,311 shares in the last quarter. 84.99% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Mark A. Blinn sold 1,744 shares of Texas Instruments stock in a transaction on Wednesday, January 31st. The stock was sold at an average price of $159.85, for a total value of $278,778.40. Following the completion of the sale, the director now directly owns 11,693 shares of the company’s stock, valued at $1,869,126.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.68% of the company’s stock.

Texas Instruments Trading Down 0.6 %

Texas Instruments stock traded down $1.14 during trading on Tuesday, reaching $178.15. 2,119,104 shares of the company were exchanged, compared to its average volume of 5,645,087. Texas Instruments Incorporated has a 52-week low of $139.48 and a 52-week high of $188.12. The company has a market capitalization of $162.20 billion, a P/E ratio of 27.97, a PEG ratio of 3.78 and a beta of 1.04. The stock’s 50 day simple moving average is $169.67 and its two-hundred day simple moving average is $162.46. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.91 and a quick ratio of 3.76.

Texas Instruments (NASDAQ:TXN) last issued its earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.13. Texas Instruments had a net margin of 35.16% and a return on equity of 35.28%. The company had revenue of $3.66 billion for the quarter, compared to the consensus estimate of $3.61 billion. During the same period in the previous year, the firm earned $1.85 earnings per share. Texas Instruments’s quarterly revenue was down 16.4% compared to the same quarter last year. On average, equities research analysts expect that Texas Instruments Incorporated will post 5.21 earnings per share for the current fiscal year.

Texas Instruments Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 21st. Shareholders of record on Wednesday, May 8th will be given a $1.30 dividend. The ex-dividend date is Tuesday, May 7th. This represents a $5.20 dividend on an annualized basis and a yield of 2.92%. Texas Instruments’s payout ratio is currently 81.12%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Evercore ISI lifted their target price on Texas Instruments from $213.00 to $225.00 and gave the company an “outperform” rating in a research note on Wednesday, April 24th. JPMorgan Chase & Co. increased their target price on shares of Texas Instruments from $180.00 to $195.00 and gave the company an “overweight” rating in a research report on Wednesday, April 24th. The Goldman Sachs Group raised their target price on shares of Texas Instruments from $137.00 to $157.00 and gave the company a “sell” rating in a research note on Wednesday, April 24th. Truist Financial upped their price target on Texas Instruments from $165.00 to $167.00 and gave the stock a “hold” rating in a research report on Wednesday, April 24th. Finally, Stifel Nicolaus raised their price objective on Texas Instruments from $160.00 to $172.00 and gave the stock a “hold” rating in a research report on Wednesday, April 24th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $180.74.

Texas Instruments Profile

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers in the United States and internationally. The company operates through Analog and Embedded Processing segments. The Analog segment offers power products to manage power requirements across various voltage levels, including battery-management solutions, DC/DC switching regulators, AC/DC and isolated controllers and converters, power switches, linear regulators, voltage references, and lighting products.